Sri Lanka Consolidated Acts

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Rev Rathgama Siri Sumanawansa Nahimi Memorial Foundation (Incorporation) Act (No. 68 of 1992) - Sect 5

Corporation to be a non profit making organization

5.
(1) The Corporation shall be a non-profit making organization and shall function as such and no share of profits or dividends shall be distributed among the members of the Corporation.
(2) In the event of the Corporation being wound up, the assets remaining after settling the debts and liabilities of the Corporation shall be utilized solely for the benefit of a fund or organization established for charitable or other Educational purposes.

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